Property Rights, Consumption and the Market Process
In this book David Emanuel Andersson undertakes the difficult task of reconciling institutional theories of property rights, transaction costs and norms, with Austrian economics, Lancaster s consumer theory, regional economics and evolutionary economics.
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2 Attributes and the theory of economic property rights
3 Property rights institutions and coordination costs
4 Production attributes and the capital structure
5 Entrepreneurship attributes and judgement
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aﬀect agents aggregate demand Andersson assumption behaviour bundle of attributes capital causal census divisions choice co-ordination costs combinations complexity condominium consumer consumer’s consumption attributes corresponds customers diﬀerent diﬃcult Douglass North durable economic property rights economists eﬀect empirical entrepreneur entrepreneurship estimate evolution example expectations ﬁnancial ﬁnd ﬁrm’s ﬁrms ﬁrst ﬁtness value formal institutions Hayek hedonic price functions imitation implicit price implies income increasing individual inﬂuence informal institutions innovation italics in original judgement Kirzner knowledge labour Lachmann Loasby marginal market process maximization Michelin Michelin Guide models Natural logarithm neoclassical neoclassical economics nomic oﬀer owners perceived possible postmodern preferences problem production attributes proﬁtable proﬁts property rights proxy public domain reﬂects regulations relevant research programmes residual claimant São Paolo Scandic Hotels signiﬁcant simulation social speciﬁc string structure suﬃcient sumer sumption swimming pool theory tion types uncertainty utility